The 2012 United States Olympic team will land in London the overwhelming favorites for the gold medal.

But they will not just be battling Spain — the best team in their way and a legitimate threat — they will be battling history. 2012 will be the 20th anniversary of the original Dream Team — Magic Johnson, Michael Jordan, Larry Bird, Patrick Ewing, Charles Barkley and more on a team that strolled to the gold medal and changed the trajectory of international basketball.

USA Basketball president Jerry Colangelo thinks the 2012 will be favorably compared to the Dream Team. He spoke with Chris Tomason of Fox Sports Florida.

“I think it will be a fair comparison with the Dream Team,” the USA Basketball chairman said in a phone interview Thursday with FOX Sports Florida about what can be expected from his team in London two decades after the Dream Team took gold in Barcelona in 1992. “Look at the progress our players have made since (winning Olympic gold in) 2008. We have some of the greatest players of all time.

“You’re hearing Kobe (Bryant) right up there with the greatest of all time. Dwayne Wade and LeBron (James) are right up there. You’ve got to add up the names, and you look at the young guys like (Kevin) Durant as an example and (Derrick) Rose as an example. There’s so many. There’s only been one Dream Team, and that’s the way I think it should be. But there’s no question our team will be much stronger than we had in 2008. They’re more mature, more experienced and we’ve got more talent.”

Team USA is going to have to be chosen without a training camp — rosters have to be submitted by June 20, while the NBA finals may not end until June 26 (they could end earlier, but not enough for a camp). We’ve talked before about some of the tough decisions in store for Coach K and his Team USA staff. In late January USA Basketball will release a list of 18-20 finalists for the team. In June, the 12-player roster plus up to six alternates will be submitted as the Olympics roster.

Team USA will open training camp in Las Vegas July 5. The Olympics begin three weeks later.

Phoenix Suns forward Kelly Oubre Jr. will undergo a minor procedure on his left thumb and miss the rest of the season, league sources told ESPN.

Oubre is expected to make a full recovery in four to six weeks, sources said.

This could be a blessing in disguise for Oubre, who’ll be a restricted free agent this summer. He ends his season on a high note on the court. There’s no opportunity for regression to the mean. This also isn’t an injury that will last long into the offseason.

The 23-year-old Oubre is a versatile defender. When his 3-pointer is falling, he looks really good. In a league that can’t get enough productive wings, he should draw a solid contract.

Kevin Durant gave you the nickname “Mr. Thunder.” Do you think the Thunder should eventually retire No. 35?

It’s their decision to make, but I would certainly think so. He’s meant a ton to Thunder basketball and spent a huge majority of his career here. A lot of these honors are just kind of what the team decides to do, and I think players are appreciative of them. I don’t get too worked up about it. I’ll let other people debate that, but to me, he’s a big part of what we did here.

The Thunder will probably retire Durant’s number. Time heals most wounds, likely including this one.

Durant spent eight seasons in Oklahoma City. He won MVP and made five All-NBA first teams and an All-NBA second team there. He helped the Thunder win 10 playoff series.

No matter when each player retires, Oklahoma City will almost certainly retire Russell Westbrook‘s number first. He’s the one who stayed.

But some time after that, I’d bet on Durant getting his number retired.

Covington has missed the last 34 games while recovering from a right knee bone bruise, originally suffered on December 31 at New Orleans. Covington had made improvements in his recovery and had progressed to on-court activities, in preparation to rejoin the team. However, he recently suffered a setback which will require further treatment before returning to the court and as a result, is expected to miss the remainder of the season.

Rose has missed the last four games while experiencing soreness and swelling in his right elbow. An MRI taken Tuesday at Mayo Clinic Square revealed a chip fracture and a loose body in his elbow. The team and Rose are currently exploring further treatment options and he is expected to miss the remainder of the season.

Teague has missed the last four games after reaggravating a left foot injury, originally suffered in December. On Tuesday, Teague received an injection designed to treat chronic inflammation. He will wear a boot and is scheduled to be reevaluated in approximately three weeks. He is expected to miss the remainder of the season.

The language – “expected to miss the remainder of the season” – allows the possibility of the players returning. But the Timberwolves wouldn’t set this expectation unless they were pretty certain the players were finished.

Covington deserved All-Star consideration, and maybe Minnesota would still be in the playoff mix if he remained healthy. He was also heading toward an All-Defensive team before getting hurt. I doubt 35 games, even at 34 minutes per game, will be enough to get him selected now. Paul George, Giannis Antetokounmpo and Draymond Green clearly belong ahead of him. Covington has an outside chance for that fourth spot, though.

Rose had a bounce-back year after it appeared he could fall out of the NBA entirely. He looks like a solid backup point guard. He’ll draw plenty of interest in free agency this summer.

Teague has a $19 million player option for next season. He already seemed likely to exercise it, and this only increases the odds. The 30-year-old had a relatively down season.

Teague’s and Rose’s absences will leave the ball in Tyus Jones‘ hands at point guard. Jones has looked good in a small role, and this offers him an opportunity to prove himself before restricted free agency this summer.

Importantly for Towns, Minnesota’s depth at point guard allows him to play with someone credible at the position while he attempts to finish the season strong. There’s a lot of room to produce for the Timberwolves now, though Towns will likely face double-teams even more frequently.